Home Bancorp Stock Forecast
Home Bancorp stock upgraded to Hold/Accumulate.
(Updated on May 01, 2024)
The Home Bancorp stock price gained 2.91% on the last trading day (Wednesday, 1st May 2024), rising from $35.00 to $36.02. During the last trading day the stock fluctuated 2.67% from a day low at $36.00 to a day high of $36.96. The price has been going up and down for this period, and there has been a 6.88% gain for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 10 thousand shares were bought and sold for approximately $375.94 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.15% during the next 3 months and, with a 90% probability hold a price between $31.89 and $36.13 at the end of this 3-month period.
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HBCP Signals & Forecast
The Home Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $35.73 and $35.76. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -9.13% to $32.73 within 29 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for Home Bancorp stock
Home Bancorp finds support from accumulated volume at $35.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.96 between high and low, or 2.67%. For the last week the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: $34.64 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (HBCP) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Home Bancorp to open at $36.33, and during the day (based on 14 day Average True Range), to move between $34.85 and $37.19, which gives a possible trading interval of +/-$1.17 (+/-3.26%) up or down from last closing price. If Home Bancorp takes out the full calculated possible swing range there will be an estimated 6.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.40 (1.72%) than the resistance at $37.00 (2.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Home Bancorp stock A Buy?
Home Bancorp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.717 Hold/Accumulate Upgraded
Predicted Opening Price for Home Bancorp of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $36.33 ( 0.85%) | $36.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBCP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.29 | 3.52 % | |
| R2 | 36.92 | 2.50 % | ||
| R1 | 36.69 | 1.87 % | ||
| Current price: | 36.02 | |||
| Support | S1 | 35.96 | -0.167 % | |
| S2 | 35.73 | -0.796 % | ||
| S3 | 35.37 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.22 | 3.33 % | |
| R2 | 37.11 | 3.03 % | ||
| R1 | 37.00 | 2.72 % | ||
| Current price | 36.02 | |||
| Support | S1 | 35.40 | -1.72% | |
| S2 | 35.15 | -2.42% | ||
| S3 | 35.10 | -2.55% |
HBCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 26, 2024 | May 10, 2024 | $0.250 | 0.685% |
| 2 | Jan 22, 2024 | Feb 02, 2024 | Feb 16, 2024 | $0.250 | 0.665% |
| 3 | Oct 18, 2023 | Oct 27, 2023 | Nov 09, 2023 | $0.250 | 0.701% |
| 4 | Jul 17, 2023 | Jul 28, 2023 | Aug 11, 2023 | $0.250 | 0.714% |
| 5 | Apr 18, 2023 | Apr 28, 2023 | May 12, 2023 | $0.250 | 0.83% |
FAQ
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